财会专业英语期末试卷及答案

财会专业英语》期终试卷the following into corresponding groups. (15 points) on handreceivable to suppliers4.Other receivables loans assets of production year profit 9. Capital reserve loans payables 12. Con-operating expenses expenses of sale 15. Accrued payrollII. Please find the best answers to the following questions. (25 Points)1.Aftin Co. performs services on account when Aftin collects theaccount receivableincrease do not change's equity decreases decrease2.A balance sheet report .A.the assets, liabilities, and owner' s equity on a particular dateB.the change in the owner ' s capital during the periodC.the cash receipt and cash payment during the periodD.the difference between revenues and expenses during the period3.The following information about the assets and liabilities at theend of 20 x 1 and 20 x 2 is given below:20 x 1 20 x 2Assets $ 75,000 $ 90,000Liabilities 36,000 45,000how much the owner 'sequity at the end of 20 x 2 ?A.$ 4,500B.$ 6,000C.$ 45,000D.$ 43,0004.Traylor Companyp aid $ 2,850 on account. The effect of this transaction on the accounting equation is to .A.Decrease assets and decrease owner 's equityB.Increase liabilities and decrease owner 's equityC.Have no effect on total assetsD.Decrease assets and decrease liabilities5.The entry to record the collection of $ 890 from a customer on account is .A. PayableCr. Cash 890890B. 890Cr. Accounts Receivable 890C. 890Cr. Account Payable 890D. 890Cr. Service Revenue 8906.The ending Cash account balance is $ 57,600. During the period, cash receipts equal $ 124,300. If the cash payments during the period total $ 135,100, then the beginning Cash amount must haveA.$ 68,400B.$ 46,800C. $ 181,900 be determined from the informationgivene the following selected information for the Alecia Company to calculate the correct credit column total for a trial balance .Accounts receivable $ 7,200Accounts payable $ 6,900Building $ 179,400Cash $ 15,800Capital $ 64,000Insurance expense $ 6,500Salary expense $ 56,100Salary payable $ 3,600Service revenue $ 190,500A. $ 201,000B. $ 137,100C. $ 265,000D. $ 74,5008.ABC paid $500 for inventories in cash ,and purchased additional inventories on account for $700 in the month. At the end of the month,ABC paid $300 of the account is the balance in the inventoryies account?A $ 500B.$ 900C.$ 1,200D.$ 1,500debit side of an account is used to recordC. increases or decreases,depending on the type of account,began the year with total assets of $120,000,liabilities of$70,000,and owner's equity of $50, the year ABC earned revenue of $110,000 and paid espenses of $30, also invensted an additional $20,000 in the business .how much is the owner ' s equity at the end of the year?A.$150,000B.$180,000C.$190,000D.$220,00011．Which of the following is true? __ .A.Owners' Equity - Assets = LiabilitiesB.Assets –Owners' Equity = LiabilitiesC.Assets + Liabilities = Owners ' EquityD.Liabilities = Owners ' Equity + Assets12．Which of these is an example of an liability __________ account?_____________A.Service RevenueB. CashC. Accounts ReceivableD. Short-term loans13．Which of the following is a correct statement of the rules of debit and credit? .A.Debits increase assets and decrease liabilitiesB.Debits increase assets and increase owners ' equityC.Credits decrease assets and decrease liabilitiesD. Credits increase assets and increase owners 'equity14．If earnings haven 't been distributed as dividends, it should havebeen retained in the company. The nameo f this portion of number listed in the balance sheet is .A. paid-in capitalB. retained earningsC. dividendD. cash15．Please select the components which should be deducted from the original value of plant assets when we compute their net value .A. Merchandise inventoryB. Income tax payableC. Accumulated depreciationD. Retained earnings16．Which of the following would not be included on a balance sheet?A. Accounts receivable.B. Accounts payable.C. Sales.D. Cash.17. Remington provided the following information about its balance sheet:Cash $ 100Accountsreceivable500Short-term loans 1,000Stockholders' equity 700Accounts payable 200Short-term loans 1,000Based on the information provided, how much are Remington's liabilities?A. $200.B. $900.C. $1,200.D. $1,700.18. Gerald had beginning total stockholders' equity of $160,000. Duringthe year, total assets increased by $240,000 and total liabilities increased by $120,000. Gerald's net income was $180,000. Noadditional investments were made; however, dividends did occur during the year. How much were the dividends?A. $20,000.B. $60,000.C. $140,000.D. $220,000.the assets of a business are $162,600 and the liabilities are $86,000,how much is the owner 's equity?A..$76,600B. $248,600.C. $147,000.D. $250,000.Co. purchases on account when Aftin pay the account payable increase do not change's equity decreases decreaseincome statement reports .A. the assets, liabilities, and owner's equity on a particular dateB.the change in the owner ' s capital during the periodC.the cash receipt and cash payment during the periodD. the difference between revenues and expenses during the periodfollowin ginformation about the assets andliabilitiesat the end of 20x 1 and 20 x 2 is given below: 20 x 1 20 x 2Assets $ 75,000 $ 90,000Liabilities 36,000 45,000If net income in 20 x 2 was $ 1,500 and there were no withdrawals, howmuch did the owner invest?A.$ 4,500B.$ 6,000C.$ 45,000D.$ 43,000Company receive $ 2 850 on account. The effect of this transaction on the accounting equation is to .A. Decrease assets and decrease owner 's equityB.Increase liabilities and decrease owner 's eq uityC.Have no effect on total assetsD.Decrease assets and decrease liabilitiesentry to record the collection of $ 8000 from a customer on account is .A. Payable 80008000B.8000Receivable 8000C.8000Payable 8000D. 8000Revenue 8000list of a business entitys assests,liabilities,and owner ' s equity ona given date isbalance sheet income statement statement of cash flow C. A retained earnings statementIII.Translate the following sentences into Chinese.(10 points)1.The accounting profession today is changing rapidly.2.Assets are what you are what you 's Equty is what 's left over .3.The original voucher is obtained or filled in what businesstransactions took place.4.Normally an asset account will have a debit balance.5.The term “ debit ” is often abbreviated to “Dr. ”IV.Prepare a convenient bank reconciliation form according to thefollowing bank statement and de positor 's book.(10 points)Bank StatementDepositor 's R ecordBank ReconciliationDate MonthV.Put the correct answer into the blanks.(6points) basic Accouting equation is: . rule of debits and credits is: ,ing straight-line depreciation, Annual Dpreciation=( - )/VI.Translate The Following Terms Into Chinese . (10 points).1.surplus reserve machine3. Construction in progress worth5.promissory note6. in other wordsdistribution 8. storage roomplus interest 10. accounting statementVII.The following is transactions of ABC make entries.(24 poins)1..ABC company was established on ,2010,when the owners,Mrs Smiths andhis friends,invested $30,000 in cash,patent X,valuing $24,000 and equipment A,valuing $40,000 into the company.2.ABC sells merchandise to another customer and send the customer a$2,500 bill for the products they provide. They allows the customer to pay these goods within 30 days.3. A customer buys $3,000 worth of goods from ABC, and draws apromissory note from a lacal bank.4.ABC buys a machine for $20,000,and pays the bill in cash.5.ABC paid the telephone bill for $700 in cash.6.ABC paid $3,800 on the accounts payable.7.ABC determine the month depreciation of the manufactory bulding for $5,000.8.ABC purchasese materials of $5,000 on account.9.ABCs ells some goods to a client and receives a check from the customer for$ 2,000 for the goods provided.issues a 9%-5，$100,000 bond at its face amount. The bond is dated January 1, 2010 and requires interest payments until the bond principal at the end of 5 years.(1)Entry to bonds issued;(2)Entry to record the accrual interest for each year;(3)2014 the company repays the principal plus interest.财会专业英语》期末试卷答卷the following into corresponding groups. (15 points)II. Please find the best answers to the following questions. (25 Points)III.Translate the following sentences into Chinese.(10 points) 1.2.3.4.5.IV.(10points ) Bank ReconciliationDate MonthV. Put the correct answer into the blanks.(6points)basic Accouting equation is: rule of debits and credits is: 3. Using straight-line depreciation, Annual Dpreciation=( - )/VI. Translate The Following Terms Into Chinese . (10 points).1. 2.3. 4.5. 6.10.VII. The following is transactions of ABC make entries.(24 poins)财会专业英语》答案the following into corresponding groups. (15 points)II. Please find the best answers to the following questions. (25 Points)III. Translate the following sentences into Chinese.(10 points)(略)IV. (10points ) Bank ReconciliationDate 31 Month May7.8. 9.V.Put the correct answer into the blanks.(6points) =Liabilities+Owner 's equity .2.Every debit must have a credit,all debits must equal all credits. ,ing straight-line depreciation,Annual Dpreciation=( Original Cost- Salvage Value) /Years ofService LifeVI.Translate The Following Terms Into Chinese . (10 points).(略)VII.The following is transactions of ABC make entries.(24 poins) (略)。